New amendments have been implemented to the Law numbered 7130 (Law on Amendments to Certain Laws and Taxation Laws) and to the 3rd, 9th, 25th, 32nd and 61st Articles of the Income Tax Law numbered 193. The details on the new amendments and the relevant applications of the regulations are detailed below.

On June 01, 2018, certain amendments were made to the “Implementation Regulation of the Foreign Direct Investment Law” as well as to the procedures and principles to be applicable to the issues within the scope of the Law.

By virtue of the amendments, manually submitting documents in printed forms which are to be delivered to the Ministry of Economy by the foreign capital companies and branches covered by the Foreign Direct Investment Law has been terminated. During the period hereafter, the documents to be submitted shall be delivered only electronically through E-TUYS (the web based portal managed by the Ministry of Economy, General Directorate of Incentive Implementation and Foreign Investment).

In accordance with the publication of the Law that was published in the 09.08.2016 dated Official Gazette numbered 29796 it has been announced that the Withholding Tax Return and Monthly Premium & Service Declarations are to be combined under a single return called “Withholding Tax and Premium Service Return”.

On the date of 29.05.2018, the Ministry of Finance has announced a revision on the 30345 numbered Official Gazette in regard to the “General Statement on the Withholding Tax Return and Monthly Premium & Service Declarations” (item number: 4)

The Law regarding "The Restructuring of Certain Receivables" – also known as Tax Amnesty, which also includes the restructuring of public receivables in many various tax types, has come into effect with the publishing of Official Gazette dated 18th of May 2018. Details in regards are to be provided with the provisions which are expected to be announced by the relevant authorities and institutions.

In general terms; the regulations have been made towards specified receivables, unascertained receivables or receivables in the case before the courts, taxes under investigation, tax base increase and inventory and record corrections. You can find further details on the receivables and the reconstruction applications of such receivables in detail below to this informative article.

1. The Receivables Subject to Restructuring
   • Taxes and tax penalties within the scope of the Tax Procedure Law.
   • Customs taxes and administrative fines
   • Insurance premiums and fines
   • All kinds of interest, fee, late interest, late fee, delay penalty regarding these receivables that are restructured within the scope of this law.
2. The Respective Authorities that are concerned with the Receivables subject to Restructure Applications
   • Ministry of Finance
   • Ministry of Customs and Trade
   • Municipalities
   • Social Security Institutions
   • Other Institutions (Directorate General of Highways, Radio & Television Supreme Council, Immigrations and Civil Registry Offices, etc.)